Latest news with #Rs1.46
Hans India
14-05-2025
- Business
- Hans India
D Street back in red on swift profit booking
Mumbai: Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally. The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22 with 25 of its constituents closing with losses and five with gains. During the day, it fell sharply by 1,386.21 points or 1.68 per cent to 81,043.69. The broader Nifty of NSE dropped 346.35 points or 1.39 per cent to 24,578.35. The market capitalisation (mcap) of BSE-listed companies fell by Rs1.46 lakh crore to Rs4,31,10,787.02 (Rs431.10 lakh cr or $5.08 trn). 'The domestic market witnessed profit booking on Tuesday, following Monday's sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather,' said Vinod Nair, head (research), Geojit Investments Ltd. Broader markets closed with gains on Tuesday with the BSE smallcap gauge jumping 0.99 per cent and midcap index by 0.17 per cent. 'Profit-taking was evident across the board, with IT, FMCG, and auto sectors emerging as the top losers,' said Ajit Mishra, Sr V-P (research), Religare Broking Ltd. Among sectoral indices, BSE Focused IT tanked 2.44 per cent, teck (2.39 per cent), IT (2.21 per cent), utilities (1.35 per cent), power (1 per cent), metal (0.95 per cent) and oil & gas (0.95 per cent). Healthcare, industrials, capital goods, services and consumer durables were the gainers.
Time of India
22-04-2025
- Business
- Time of India
Coimbatore police raid properties of con couple, seize seven cars, vital documents
Coimbatore: Three days after the arrest of a con couple, who have duped several people to the tune of Rs8 crore, the city crime branch police on Monday carried out searches at three places belonging to them and seized seven cars, five of them luxury vehicles. In February this year, the city crime branch police had registered a case against Sivakumar, his wife Dharanya and brother-in-law Harish, all residents of Kotagiri in the Nilgiris district, based on a compliant lodged by R Sivaraman, 23, of East Sambandam Road at RS Puram, stating the trio had cheated him of Rs1.46 crore. In his complaint, Sivaraman, who was running Vinayaga Enterprises and Vijay Pharma, told police that he befriended the trio, who were running Sivakami pharmacy at Kotagiri, through business connections. "The trio told him that they were running a flower business under an entity named Sivakami Flori Tech India, which they said was cultivating and selling ornamental flowers to both international and domestic markets. They lured him to invest in the firm by promising huge returns," a police officer said. Sivaraman subsequently invested Rs1.46 crore in the firm from October to November, 2024, and the couple gave him promissory notes with their signatures. "When he didn't receive any profit, he asked them to return the capital amount, but in vain. Meanwhile, he came to know that the couple had cheated several others as well. On December 13, Sivaraman and four other victims approached the couple and their relative, asking them to return their investment. The trio threatened them, stating they would lodge a complaint against them for usury," the officer said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Based on Sivaraman's compliant, the city crime branch police registered a case against the trio on April 17, 2025, and arrested the couple the very next day. The couple were later remanded in judicial custody. Harish is still at large. On Tuesday, three teams of city crime branch police carried out searches at the properties belonging to the couple at Thengumaragaad, Vanjipalayam and Bhavani Sagar, and seized seven cars, a motorcycle, a goods auto and numerous documents. Pointing out that more people had fallen prey to the trio, the officer said they had urged the remaining victims to approach them. MSID:: 120509301 413 |
